Isa: Settlers now realise Felda GV listing is good
Published: Jan 9, 2012 5:46 PM | Updated: Jan 9, 2012 5:47 PM
The proposed listing of Felda Global Ventures Holdings (Felda GV) on Bursa Malaysia seems to have gained more support from Felda settlers after they realise the move will bring many benefits.
The proposed listing of Felda Global Ventures Holdings (Felda GV) on Bursa Malaysia seems to have gained more support from Felda settlers after they realise the move will bring many benefits.
Felda chairman Mohd Isa Abd Samad said that initially, most settlers were confused following agitation by parties who wanted to derail the listing effort.
"After listening to explanation and a series of dialogue nationwide, they're satisfied when the government gives assurances that all benefits and rights that they have received before will be retained.
"They need not worry because the listing will be beneficial to the settlers through Koperasi Permodalan Felda (KPF) that will be the biggest shareholder in Felda GV.
"Felda GV can help the settlers much better particularly in the event of a fall in oil palm and rubber prices in the world market," he told reporters after a dialogue session with Felda employees and settlers in Mempaga, Temerloh.
He said the settlers could not rely too much on oil palm and rubber alone because the market would not guarantee high prices all the time.
Mohd Isa said it was Prime Minister Najib Abdul Razak's wish that Felda GV become among 10 best companies in Malaysia alongside Petronas.
"Certain parties and the opposition deliberately create confusion among settlers because they want to give a picture as though the government is not doing something to increase the social status of settlers," he said.
Besides, he said, the opposition wanted to see the settlers remain as they were and susceptible to exploitation because the settlers had been the government's strong supporters all this while.
- Bernama
Felda chairman Mohd Isa Abd Samad said that initially, most settlers were confused following agitation by parties who wanted to derail the listing effort.
"After listening to explanation and a series of dialogue nationwide, they're satisfied when the government gives assurances that all benefits and rights that they have received before will be retained.
"They need not worry because the listing will be beneficial to the settlers through Koperasi Permodalan Felda (KPF) that will be the biggest shareholder in Felda GV.
"Felda GV can help the settlers much better particularly in the event of a fall in oil palm and rubber prices in the world market," he told reporters after a dialogue session with Felda employees and settlers in Mempaga, Temerloh.
He said the settlers could not rely too much on oil palm and rubber alone because the market would not guarantee high prices all the time.
Mohd Isa said it was Prime Minister Najib Abdul Razak's wish that Felda GV become among 10 best companies in Malaysia alongside Petronas.
"Certain parties and the opposition deliberately create confusion among settlers because they want to give a picture as though the government is not doing something to increase the social status of settlers," he said.
Besides, he said, the opposition wanted to see the settlers remain as they were and susceptible to exploitation because the settlers had been the government's strong supporters all this while.
- Bernama
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